EU closes probe on Chinese firms bidding for Romanian solar park as companies withdraw tenders.
The European Union has closed its probe into Chinese firms bidding for a Romanian solar park after the companies withdrew their tenders. The investigation was launched using the EU's foreign subsidies regulation, a tool designed to prevent state-funded companies from using financial muscle to undercut European rivals. The EU is seeking to balance its desire for renewable energy with maintaining energy security, industrial competitiveness, and European jobs.
May 13, 2024
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